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HAVERGAL COLLEGE
Financial Information
AS AT JUNE 30
2012
2011
$
$
ASSETS
Current
Cash and cash equivalents
21,169,230
16,143,656
Tuition fees receivable
2,334,200
2,301,830
Other accounts receivable
129,828
291,188
Other
468,550
475,712
Total current assets
24,101,808
19,212,386
Deferred pension asset
901,779
995,922
Capital assets, net
28,665,524
29,390,531
53,669,111
49,598,839
LIABILITIES AND NET ASSETS
Current
Accounts payable and accrued liabilities
3,020,310
2,777,762
Prepaid tuition fees
21,009,391
19,944,881
Total current liabilities
24,029,701
22,722,643
Working capital deposits
6,000
13,500
Deferred capital contributions
11,793,659
12,282,799
Total liabilities
35,829,360
35,018,942
Net assets
Unrestricted
13,888,951
11,661,097
Internally restricted
3,950,800
2,918,800
Total net assets
17,839,751
14,579,897
53,669,111
49,598,839
AS AT JUNE 30
2012
2011
$
$
ASSETS
Cash and cash equivalents
867,723
1,530,557
Other investments
15,678,921
15,150,167
16,546,644
16,680,724
FUND BALANCES
General Fund
332,937
312,937
Restricted Fund
1,757,389
1,695,811
Endowment Fund
14,456,318
14,671,976
16,546,644
16,680,724
Grants from The Havergal College Foundation
to Havergal College
During the year The Havergal College Foundation made grants to Havergal College
for the following purposes:
AS AT JUNE 30
2012
2011
$
$
Student assistance
350,000
275,000
Program enrichment
384,450
389,585
Capital asset acquisitions
40,550
12,425
775,000
677,010
Havergal College Foundation
Balance Sheet
Havergal College Consolidated Statement of
Financial Position